Forest Incentive Programs - Property Taxes for Nebraska

Type of Tax

Forest land is not classified although it can occupy a portion of agricultural land.

Law

NE State Codes 77-1343 to 77-1380

Objective

Production of agricultural or horticultural products, including wasteland lying in or adjacent to and in common ownership or mgt with land used for the production of agricultural or horticultural products

Requirements

No severance or yield tax

Valued in reference to other agricultural land and assessed at 80 percent of market value.

Program Administration

Department of Revenue develops guidelines and the County Tax Assessor classifies land and determines value